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C$ holds steady in thin markets; Bank of Canada eyed TORONTO: The Canadian dollar was steady against its US counterpart on Monday in light holiday trading and ahead of a busy week in Canadian economic news.Investors are focused on the Bank of Canada's interest rate decision on Wednesday and first-quarter economic growth data on Friday.The loonie's pause comes after a retreat to a five-week low on Friday and with US and many European markets closed for various holidays.At 9:14 a.m. EDT (1314 GMT), the Canadian dollar was trading at C$1.2299 to the greenback, or 81.31 US cents, little changed from the Bank of Canada's official close of C$1.2301, or 81.29 US cents on Friday.The currency traded within a relatively narrow range of between C$1.2276 and C$1.2307.The price of oil, a key Canadian export and driver for the currency, was just marginally lower. US crude was down 0.47 percent at $59.44, while Brent crude lost 0.06 percent to $65.33.The loonie, which ...

Dollar weakens against euro for first time this week NEW YORK: The US dollar weakened against the euro for the first time this week on Thursday as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some US economic data disappointed. The greenback had gained earlier this week as US and German government bonds recovered. The selloff sent the dollar as high of $1.1466 on May 15, from $1.0519 a month earlier. But nerves over whether ...
Dollar's gains spurred by ECB's bond buying plans NEW YORK: The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally supported by European Central Bank plans to front-load its bond buying program in a move to keep interest rates low. Minutes released from April's US Federal Reserve monetary policy meeting indicate expectations that the US economy's strength should pick after a slack first quarter, supporting a view that interest rates will ...
Dollar's gains spurred by ECB's bond buying plans NEW YORK: The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally underpinned by European Central Bank plans to frontload its quantitative easing program in a move to keep interest rates low."The ECB has taken the wind out of the euro's sails," said Mark McCormick, currency strategist at Credit Agricole in New York.McCormick added the ECB's plans have helped focus the market on ...
Dollar recoups lost ground, aided by higher Treasury yields NEW YORK: The US dollar made broad-based gains on Monday, recovering ground after several weeks of selling that had brought the greenback down to more attractive levels after prolonged strength. The euro, which rose nearly 9 percent in value against the US dollar in the course of a month, pulled back more than 1 percent, its worst daily performance since mid-March. "With the euro above $1.14, that was much more attractive for sellers and might ...
Dollar sell-off takes a pause, Kiwi hit hardest NEW YORK: The US dollar made broad-based gains on Monday, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.The euro, which rose nearly 9 percent in value against the U.S. dollar in the course of a month, pulled back close to one percent, its worst daily performance since mid-April."With the euro above $1.14, that was much more attractive for sellers and might be one explanation for the downside ...
Weak data puts dollar index on track to fall for fifth week NEW YORK: The dollar index slipped on Friday, putting it on track to fall for a fifth week, the longest stretch of declines in four years, as disappointing data on domestic factory activity and consumer sentiment stirred doubts about the US economic growth. Earlier, this measure of the greenback against a group of currencies including the euro and yen bounced from a four-month low as buying emerged with lower European bond yields, and as traders ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln